The Times of India-Sholinganallur’s real estate boom: Over 5K units by next year amid calls for infrastructure upgrade
Sholinganallur, the hub of real estate activity along the Old Mahabalipuram Road (OMR), is set to see the addition of over 5,000 high-end residential units in highrise buildings by next year. The locality, once a hub primarily for IT professionals, is now attracting a surge of interest from non-IT buyers, especially from adjacent areas along the East Coast Road (ECR), thanks to enhanced metro connectivity. However, residents stress the need for infrastructure upgrade to support the real estate growth.
As one of South Chennai's prominent residential markets, Sholinganallur witnessed approximately 8,300 residential unit launches between 2018 and the third quarter (July-Sept) of 2024. Of these, 69% of projects are still under construction, while the remaining 31% are ready-to-move-in units.
